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Friday, July 8, 2016

Waiting For the Crash

The S&P 500 closed within 5 points of the all time high...

Global stocks have rolled over

And most U.S. stocks have rolled over

Even within the S&P, the average stock is nowhere near a new all time high:

52 week range of average stock:




The Wilshire 5000 is the broadest based U.S. index. Nowhere near a new high...



The High Beta stocks are lagging badly...



Oil and Energy stocks are rolling over...



Energy Stocks and Emerging Markets...



There's only one group of stocks making new all time highs..."Yield"...

And when they roll over, it's straight down, like a cheap fucking tent...